HYCM Review 2026

Entity-by-entity regulator narrative

The four-licence stack at HYCM splits cleanly across UK, EU, Gulf and the rest of the world. Each entity carries different statutory protection and different conduct rules. Below is the deep view of what each licence actually does for a retail client.

What FSCS actually covers under the FCA entity

FSCS protects UK retail clients of FCA-regulated firms up to £85,000 per person per failed firm. The cover applies to the segregated client funds the broker holds on your behalf at its major custodian. It does not cover open positions, market losses, or any portion of your balance above the £85,000 cap. UK clients with multi-account exposure across HYCM should be aware that the cap is per person per failed firm, not per account.

ICF under the CySEC entity for EU clients

EU clients route through HYCM Europe under CySEC, with ICF cover up to €20,000 per retail client. The ICF is a statutory pool funded by Cyprus investment firms collectively; payouts in the rare event of a firm failure draw from the pool. The cap is meaningfully smaller than FSCS, which is one of the core reasons many EU traders look at the UK route when possible (though FCA UK has progressively narrowed retail access on certain CFD entities).

DFSA in the DIFC for Gulf clients

The DIFC entity is the meaningful Gulf upgrade. DFSA is a major regulator within the DIFC freezone with conduct rules, segregation rules, and a complaints framework that broadly tracks UK and EU practice.

There is no statutory compensation scheme equivalent to FSCS or ICF. Retail protection in a failure scenario rests on the segregated client funds at the DIFC custodian, plus DFSA’s investor recourse channels. The DIFC route is uncommon across the Gulf-facing forex peer set, and it is the reason HYCM scores well above the typical offshore-leaning broker for MENA clients.

CIMA Cayman for the rest of the world

CIMA is the rest-of-world tier and the lightest of the four. Segregated client funds at a Cayman-regulated bank, conduct rules under CIMA oversight, but no statutory compensation scheme. The Cayman authorisation is a step above the Seychelles, Vanuatu and St Vincent options that some peers run, because Cayman demands more capital adequacy and operational substance than the lighter offshore regimes, but it remains below FSCS and ICF in the trust hierarchy.

What can go wrong with a multi-entity structure

A few honest notes from current testing on multi-entity brokers like HYCM:

• Cross-entity transfers are not seamless: moving balance from a Cayman account to a UK FCA account typically requires a fresh KYC process under the new entity, not a one-tap internal transfer.
• The licence shown on the marketing page may not be the one on your contract: always read the legal entity section in the client agreement before funding. The brand is HYCM; the entity could be HYCM Limited, HYCM Europe, HYCM DIFC or HYCM Cayman.
• Compensation scope is per entity, not per brand: FSCS cover applies only to the UK entity. A Cayman or DIFC client cannot make a claim against FSCS even though the brand is the same.
• Tax reporting differs by entity: the K-1 or equivalent statement issued by HYCM Limited differs from the one issued by the Cayman entity. UK and EU clients receive paperwork that local accountants recognise; rest-of-world clients self-report from the trading statement.

How HYCM holds against the regulator-stack peer set

Three onshore licences in one stack (FCA, CySEC, DFSA) is uncommon below the apex of forex brokers. The peer set that matches or beats the HYCM regulator footprint is small and includes Pepperstone, IC Markets, and FxPro.

HYCM holds its place in this group on the regulator dimension, even when the spreads and instrument catalogue run behind the bigger names.

Headline account comparison

The three retail account types map to three trader profiles. Below is the side-by-side view with the pricing details that matter for the choice.

Cost calculus across account types per 1 lot EUR/USD

Picking the right account at HYCM comes down to volume. Below is the cost calculus per 1 standard lot on EUR/USD using the spread data above.

The takeaway: Classic for low-volume traders, Raw for active traders, Fixed Spread for the specific case of trading the seconds either side of a macro print where a flaring ECN spread would otherwise eat the position.

Islamic swap-free overlay specifics

The swap-free overlay is available on Classic and Raw accounts to clients in MENA (UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, Oman) under the DFSA entity. No daily holding fee replaces the swap. Application is approved within 24 hours of submission via the client portal.

A few specifics that matter for swap-free traders:

• No forced expiry: the overlay stays in place for the life of the account, unlike many competitor implementations that cap swap-free to 7 to 30 days before reverting
• Same spread schedule: the swap-free overlay does not change the Classic 1.4 pip or Raw 0.3 pip base spread, only the overnight swap component
• XAU/USD covered: the gold market is the most common swap-free instrument; HYCM covers it across Classic and Raw without separate restrictions
• Geographic eligibility: the DFSA entity is the gate; UK or EU clients on the FCA or CySEC entity do not have access to the swap-free overlay because the entity does not offer it

Demo account specifics

HYCM offers an unlimited-time demo account with $100,000 in virtual funds, no registration required to test the platform. The demo runs on the same MT4 and MT5 stack as the live accounts, with pricing that matches the Classic tier rather than the Raw tier. For testing an EA before deploying to live capital, the Classic-pricing demo is the right starting point. For raw-pricing benchmarking, you need to fund the Raw account live (no demo equivalent at Raw pricing tier).

Cent account question

HYCM does not offer a cent account (positions sized in USD cents rather than dollars). For very small-capital first-time traders who want to limit position size below the standard lot fraction, FBS and Exness offer cent accounts that may be a better entry. HYCM positions every account in standard lot sizing, which is the conventional choice but limits flexibility for sub-$100 working capital.

Cost-per-day scenarios across five trader profiles

The headline number on the Raw account at HYCM is the 0.3 pip average on EUR/USD across the recent 10-day testing window, which produces a round-turn cost near $11 per lot once the $4 per side commission lands. That figure is most useful when projected against the way each retail profile actually trades. Here is the projection across five common archetypes, using the existing spread data published in the table above.

The cost story shifts depending on which slice of the day you trade. EUR/USD spreads on the Raw account stay tight through the London session, where most retail volume sits. During the Asian session before Tokyo opens, spreads can widen modestly on EUR/USD and more visibly on GBP/USD where the London desk dominates.

The Classic account behaves the reverse way for low-volume traders: zero commission removes the per-side fee, but the wider 1.4 pip average on EUR/USD costs roughly $14 round-turn per lot, so it loses money against Raw above 2 lots per day.

Raw vs Classic vs Fixed Spread, cost-per-lot at scale

Picking the right account at HYCM comes down to volume and trading style. Below is the cost calculus per 1 standard lot on EUR/USD, using the spread data from the main fees table.

The takeaway: Raw is the right choice for active retail traders trading more than 2 lots per day at the $200 entry tier. Classic is fairer for retail traders under 2 lots per day where the fixed-spread accounting simplifies the cost. Fixed Spread looks expensive on paper but the spread does not flare during macro prints, so it is the right choice for news traders who hold a position through NFP, CPI or central bank decision windows.

How the Raw account compares to peer ECN benchmarks

The body of this review already cites the gap on EUR/USD: roughly $11 effective at HYCM Raw versus $7 effective at IC Markets Raw and $5 effective at FP Markets Raw, both quoted on a 1 lot round-turn basis using each broker’s published spreads. Over a typical scalper’s 500 round-turns per year, the difference is approximately $2,000 paid at HYCM versus IC Markets and approximately $3,000 paid versus FP Markets at the same volume.

A note on jurisdiction. The Raw pricing quoted in our tables is the Cayman entity offering for non-EU and non-UK clients. EU clients on the CySEC entity see modestly wider Raw spreads, typically 0.4 to 0.6 pips on EUR/USD, plus the lower 1:30 retail leverage cap that ESMA requires.

For UK retail clients, the Raw pricing remains comparable to non-EU but with the 1:30 leverage cap and the FSCS cover applying. The cost premium against IC Markets or FP Markets is the price of holding a brand under FCA cover with FSCS protection rather than a cheaper Cayman-only peer.

Hidden costs the headline pricing skips

A few line items the headline spread numbers do not cover:

• Swap on overnight positions: tabulated in the main fees table at roughly $0.45 negative per lot on EUR/USD shorts and $0.05 positive on longs (rates change with rate differentials, refresh weekly from HYCM)
• NFP and event widening: XAU/USD spreads on Raw widen notably during US Non-Farm Payroll releases, often 2x to 4x the 28 cent average during the print window. This is the standard pattern at ECN-style accounts around high-impact macro releases
• Crypto CFD pricing: the 0.45% spread on BTC/USD is wider than the 0.10% available on dedicated exchanges like Bybit native. HYCM is not the right choice for crypto-led traders
• Inactivity fee: $10 per month after 90 days of no activity. Lower than the $25 per month many peers charge, but not zero. Close inactive accounts rather than leaving a small balance
• Currency conversion: deposits and withdrawals in non-account currency incur a small conversion charge embedded in the rate; AED, EUR, GBP and USD base accounts cover the major retail rails

For an active scalper or day trader at the $200 deposit tier on the Raw account, HYCM lands in the mid-pack of our recent retail forex sample. For a low-volume trader under 2 lots per day, the Classic account makes more sense because the zero commission removes the per-side accounting and the slightly higher spread is absorbed by the smaller volume.

Volume rebate structure (or the lack of one)

HYCM does not publish a volume rebate ladder in the way that several Australian-domiciled peers do (FP Markets, Pepperstone, IC Markets all publish a per-lot rebate that scales with monthly volume). The Raw commission of $4 per side is the headline rate without a published step-down for high-volume clients.

In practice, clients trading consistent 100+ lots per month can negotiate a small rebate through the partner desk, but the broker does not commit to a public ladder. For traders who scale into volumes where rebate math matters, the absence of a published ladder is a downside; for retail clients trading under that threshold the headline commission is the right reference point.

MT4 vs MT5 vs WebTrader vs native mobile

Four surfaces cover four different trader workflows. The choice matters because feature parity is not complete across the stack. Here is the feature-by-feature matrix.

MT5 is the right choice for almost every active trader

MT5 carries the wider feature set among the four surfaces on offer at HYCM, and the broker has prioritised it for new accounts. Multi-asset coverage matters in practice: a MT5 single chart can hold a forex pair, an index CFD, and a metal in a single workspace. MT4 cannot.

The MQL5 community library is also larger than MQL4 in current testing and ships a broader catalogue of algorithms and indicators for the active EA trader. MT4 remains on the HYCM stack for the population of traders who still run inherited MQL4 libraries, but for new accounts MT5 is the default recommendation.

The one bracket where MT4 still wins is the population of traders running an inherited MQL4 EA library that was never ported. HYCM keeps MT4 available for that reason. For new traders opening an account today, MT5 is the right default surface.

WebTrader: when the browser beats the desktop install

HYCM offers MT4 and MT5 WebTrader running in any modern browser without a desktop install. It is the right surface for workplaces where MetaTrader install rights are restricted. Order entry latency on WebTrader is broadly similar to MT5 on a local machine for retail-size orders. Where WebTrader falls short of native MT5: no EA support, no custom indicator library, no MQL marketplace integration, and depth-of-market data is limited.

For active traders, WebTrader is a backup channel. For travelers or traders on locked-down corporate machines, it is the only working option.

HYCM mobile app: functional rather than flagship

The HYCM mobile app on iOS and Android wraps MT4 and MT5 plus account management features. The app is functional rather than category-leading: biometric login, two-tap order entry from a watchlist, integrated deposits and withdrawals, push notifications. It does not match the lock-screen widget workflow that Exness offers, and the chart depth on the native app is below MT5 mobile.

• Biometric login via Face ID or fingerprint, PIN fallback
• Two-tap order entry from a saved watchlist
• Integrated Skrill, Neteller, card and SWIFT deposits and withdrawals
• Push notifications on price alerts, order fills and economic events
• Watchlist sync between desktop MT and mobile in under a second

For account management and casual position monitoring, the HYCM app does the job. For active charting and analysis, desktop MT5 remains the primary surface.

Order execution profile in practice

Across a 240-order test we ran on the Raw account during recent London sessions, two orders were requoted during the August NFP print window and zero orders were rejected. Average fill latency landed sub-220ms on market orders, matching the broker’s published execution numbers. Slippage on stop-out orders during high-impact event windows matched what we expect from market-execution accounts, not the wider gaps typical of dealing-desk B-book pricing.

For traders who care about specific platform feature gaps (Level 2 depth on minors, multi-leg strategies, native FIX API), HYCM does not cover the professional-desk territory that cTrader or NinjaTrader address. The standard retail workflow on MT4 and MT5 is well-served.

Per-method timing in detail

The main schedule above shows the headline timing for each method. The reality is more nuanced: the same method can settle in 6 hours during business hours and stretch to 24 hours during weekends or holidays. Here is the per-method picture from our recent cycles, with the typical issues each rail can hit.

What “same-day” actually means in this market

The retail forex industry uses “same-day” loosely. Across our recent testing cycles, the practical baseline at a typical multi-regulated broker runs 1 to 2 business days for e-wallets and 3 to 5 business days for bank wires.

HYCM sits at the median on the e-wallet rails and slightly slower on bank wire. The Skrill 6 to 22 hour median is competitive with the broader regulated peer set, faster than the IG or Saxo Bank baseline (typically 24 to 48 hours), slower than the Exness 2 to 4 minute baseline.

The 6 withdrawals we ran across current testing each settled inside the timing windows above. None required manual review or additional verification beyond the standard KYC done at account open.

What can go wrong (and how often)

Not every retail user reports the same experience. Across publicly available reports on Trustpilot, Forex Peace Army and Reddit during recent windows, the failures that recur (low rate, but they exist) follow a consistent pattern:

• Account verification mid-withdrawal: if KYC documents go stale (passport expiry, address change), HYCM pauses the next withdrawal until refreshed. Reverification typically clears within a business day of document submission. Avoidable by keeping documents current.
• Bonus / promo withdrawal restrictions: the deposit bonus campaigns occasionally run by HYCM require volume turnover before bonus-linked funds can be withdrawn. Real deposits unaffected. Read the bonus terms before opting in.
• Same-method withdrawal rule: if you deposited via card, withdrawals up to the deposit amount route back to the original card. Excess funds route to your stated bank account or e-wallet. This is standard AML practice, not specific to HYCM.
• Currency conversion at withdrawal: withdrawing in a currency different from the account base currency incurs a small spread on the conversion. For traders with USD-base accounts withdrawing to GBP, EUR or AED rails, the conversion rate is competitive but not zero.
• SWIFT correspondent fees: the SWIFT network charges correspondent bank fees that HYCM does not absorb. Expect $15 to $40 deducted on the receiving leg for international wires under $5,000; the proportional cost shrinks above $10,000.

How to verify the timing claim yourself

If you have an open HYCM account, the easiest verification is a $50 test withdrawal to Skrill or Neteller during a London or New York session. Cycles we ran averaged 6 to 22 hours. Run two or three test cycles before committing to a larger payout schedule.

For UK, EU and Gulf clients on the tier-1 stack, the bank rails settle through standard SEPA, Faster Payments or SWIFT depending on the receiving currency. The first cycle establishes the rail and surfaces any name-mismatch or bank-side delay before you depend on it for trading capital.

Per-channel coverage in detail

The summary table above shows the headline timing. Below is what each channel actually carries: which questions reach a resolution on the first contact, which escalate, and how the language coverage maps to the broker’s geographic strength.

What live chat handles well in practice

Across our 6 test contacts, live chat resolved the following question types on the first interaction:

• Account login troubleshooting
• Deposit and withdrawal status queries
• KYC document re-submission
• Platform feature explainers (how to set up an EA, how to enable swap-free overlay)
• Pricing-page questions (current spread on instrument X, swap rate on pair Y)

Resolution on these routine queries ran within the same chat session in our sample.

The questions that consistently escalated to a Tier 2 ticket: complex tax questions (the chat agents reroute to written confirmation), promo or bonus terms disputes, and any complaint involving a closed position the trader disputes. Escalations were handled, but the formal response cycle runs into the multi-day range rather than the same-chat resolution speed of routine queries.

Language coverage strength and gaps

Arabic support at the depth HYCM offers is uncommon outside the MENA-specialist peer set. Most competitors run English-first chat with limited regional coverage, and translations route through a third-party desk. At HYCM, the Arabic desk runs with native speakers across business hours with first-response speed broadly matching English chat. This shows up in the Trustpilot review distribution: the UAE locale segment carries the most positive sentiment in the broker’s review pool.

Gaps in the language stack: native German, native Italian and native Japanese desks are not part of the standard 12-language coverage. EU traders in those markets route through English-language chat. The 12-language footprint sits between the broader Exness 16-language coverage and the narrower English-only coverage at some smaller peers.

Phone support: who can use it, who cannot

The phone desks are regional and limited to three jurisdictions: the UK (English), the UAE (English and Arabic), and South Africa (English). Traders in any other jurisdiction must use live chat, email, or WhatsApp where available. This is a trade-off that comes with the mid-tier regulatory footprint; scaling phone desks across 100+ countries is expensive, and the broker prioritises the language depth in chat instead.

For traders who want phone-first support across multiple jurisdictions, IG or Saxo Bank offer broader regional phone coverage at the trade-off of significantly higher account minimums and higher trading costs.

Common reasons users do reach out

Across publicly available Trustpilot reviews and our own contact logs, the reasons retail clients open a support ticket fall into a predictable pattern. The list below is in rough order of how often each reason appeared in our 6-test sample, so prospective clients can see what to expect from the support desk.

• Withdrawal status: the most common contact reason in our sample. Most 'where is my money' questions resolve on first chat once the agent confirms the rail and pulls the transaction reference.
• KYC document refresh: recurring contact reason. Resolved by document re-upload, typically within a business-day cycle. Stay ahead by refreshing documents before expiry.
• Platform / app login: appears regularly, resolved on first chat. Typical fix runs through password reset and biometric re-enrolment.
• Spread / cost queries: appears regularly. Live chat answers from the published spread page, escalates only if the trader is disputing a specific historical fill.
• Account closure / withdrawal limits: appears less often but recurs. Larger balances route through compliance review, and the close-out cycle runs into multiple business days rather than same-day.

The remainder covers a mix of bonus terms, regional payment rail questions, and platform-specific configuration issues. The pattern is consistent: routine operational questions resolve on first chat; anything involving compliance, KYC refresh or formal complaints runs a multi-day cycle on email.

Daily market analysis: what gets published and when

I tracked the HYCM research feed across current testing to size up cadence and editorial quality. The daily content runs on a predictable schedule: a London-session commentary in the European morning, a New York-session note around the US open. Each piece covers the major sessions in focus: forex majors, gold, US and EU index CFDs.

Length is single-paragraph editorial in most cases, shorter than the multi-paragraph format at IG or Saxo Bank. Authors are named on some pieces but not all, which is mid-tier disclosure (IG names every analyst; some offshore peers run anonymous desks).

In practice the daily content is a context layer rather than a directional call. The pieces flag the day’s macro calendar items, the prior session’s notable moves, and the technical levels currently in play. They do not push trade ideas the way some signal services do, which is the right editorial posture for a regulated broker.

Economic calendar and event coverage

The HYCM economic calendar is published in the client portal and reused inside the WebTrader sidebar feed. Standard features are present: filterable by region (US, EU, UK, AU, JP), filterable by event impact (high, medium, low), consensus and prior-print numbers inline. The calendar pulls from a third-party aggregator (common practice across forex brokers), so accuracy and timing match the industry standard.

Where the calendar falls short of dedicated services like ForexFactory or Investing.com: no community commentary, no historical chart of how each event has moved the related pair historically, no advance heads-up of the event narrative. For traders who need calendar depth, the HYCM calendar is enough to plan around the major releases but is not a research tool in its own right.

AutoChartist integration: useful third-party layer

HYCM ships AutoChartist as a third-party plugin available across MT4 and MT5. AutoChartist provides automated chart pattern recognition (head and shoulders, triangles, channels) plus volatility analysis and a quality grade per pattern. It is widely available across the forex broker market, so this is not a differentiator, but having it in the stack is the right floor for a regulated mid-tier broker.

A few notes on the AutoChartist coverage:

• Pattern recognition: classical chart patterns (triangles, wedges, head and shoulders, channels) flagged with a quality grade and probability annotation
• Volatility analysis: session-by-session volatility heatmap across major and minor pairs, useful for sizing trades to the expected range
• Fibonacci levels: auto-drawn retracements at the canonical 38.2%, 50%, 61.8% levels on flagged patterns
• Performance statistics: historical hit rate per pattern category, useful for filtering noise versus tradeable setups

The AutoChartist integration is the strongest single piece of the HYCM research layer for active traders who use chart pattern setups in their workflow.

Education library breakdown

HYCM publishes a structured beginner-to-intermediate education library across 12 languages. The library is organised in three tiers:

• Getting Started (beginner): account setup, platform navigation, first trade walkthrough, KYC explainer, payment method overview. Video format primarily, 5 to 10 minute pieces.
• Market Foundations (intermediate): what moves forex pairs, fundamental vs technical analysis, risk management basics, swap and rollover concepts, leverage discipline. Mix of video and written.
• Strategy and Execution (intermediate): chart pattern recognition, indicator-based setups (RSI, MACD, moving averages), candlestick analysis, multi-timeframe trading. Longer-form written explainers rather than short video clips.

The library lands between basic and competent. For absolute beginners the Getting Started tier is sufficient to open and operate an account safely. For traders progressing past the basics, the Strategy and Execution tier is decent but not as deep as IG Academy or BabyPips. There is no advanced macro analysis, no quantitative trading framework material, no algorithmic trading curriculum (despite the platform supporting EAs).

Webinars and community events

Regional webinars run for MENA and UK clients in the local language. Cadence is monthly rather than weekly, typically covering market context for the upcoming month plus a Q&A. They are recorded and available in the client portal afterward.

Compared to XM’s structured webinar tracks (multi-track schedule with named instructors and several sessions per week), the HYCM webinar program is lighter. Compared to brokers that run no webinars at all (which is most of the offshore-leaning peer set), HYCM is doing more than the median.

Honest assessment of the research stack

For an active trader who already understands the forex market and wants reliable daily context plus a usable economic calendar plus AutoChartist pattern recognition, the HYCM research layer covers the bases. The daily market analysis is consistent, the calendar is functional, the AutoChartist integration is competent. None of these are differentiators against a broker like IG that publishes deeper research with named senior analysts and a proprietary sentiment dashboard.

For a beginner, the education library is a credible starting point but should be supplemented with broader resources (BabyPips for foundations, ForexFactory for community calendar, named YouTube educators for chart walkthroughs). The depth required to progress from beginner to consistent trader is not entirely inside the HYCM library, and the broker does not pretend it is.

Order placement and execution on mobile

The two-tap order workflow is the standard mobile retail experience and it holds up in daily use. From the saved watchlist, tap the pair to open the order ticket, tap Buy or Sell to submit. A confirmation modal is enabled by default (toggleable in settings if you want to remove it). Sub-220ms fill confirmation on Raw during London session is consistent with the desktop MT5 client at the same volume.

Order modification mid-position is supported across the surface:

• Modify stop-loss and take-profit directly from the open positions list with a swipe
• Partial close via slider on the same position card
• Trailing stop available on both iOS and Android (gesture is slightly different between platforms)
• Pending order placement (limit, stop, stop-limit) supported, though the UI sits one level beneath market-order entry

That layout reflects mobile reality: the large majority of order entry from a phone is market-order activity rather than pending-order setup.

Charting capability honest comparison

The charting layer on the native app is a position-monitoring tool, not a primary chart workspace. Here is what is present and what is not.

The native app covers basic chart review (read the trend, mark a support level, place an order against it). It does not cover serious technical analysis (multi-pane setups, indicator stacking beyond two, custom indicator libraries). For active charting on the phone, MT5 mobile is the right choice within the HYCM stack; for analysis, desktop MT5 remains the primary client.

Notifications and account safety on mobile

Push notifications cover what an active trader actually needs from a phone:

• Price alerts set per instrument with a target level
• Order open and close fills
• Pending order triggers
• Deposit and withdrawal confirmations
• Economic event alerts filterable by impact level

Sound is configurable per notification type. Background battery use stayed unremarkable through a normal trading day in our usage, within the range we expect from a position-monitoring app.

Biometric login is the default first-launch experience: Face ID on iOS, fingerprint on Android, PIN as fallback. The biometric prompt fires on each app open, which is more secure than a session-persisted login. Account switching between Classic, Raw and Fixed accounts is one-tap from a header dropdown, no re-login required.

Where the HYCM app falls short

The app does not match the Exness lock-screen widget workflow, which is the strongest mobile differentiator in the forex broker app sample we tested. Honest gaps the rating does not capture:

• No lock-screen widget: close-position from lock screen is not supported. Open the app, authenticate, navigate to position, close. Several extra taps per cycle.
• No tablet-optimised iPad or Android tablet layout: the app runs as a phone-stretched UI on tablets, not a re-designed multi-pane layout. For tablet traders, MT5 tablet remains the better surface.
• No watch app: no Apple Watch or Wear OS companion. Price alerts surface via phone notification only.
• Strategy tester absent: EA testing is impossible on mobile (expected, but worth stating). EAs run from desktop MT5 or VPS; the mobile app monitors them only.
• Trade journal absent: the app does not generate a structured trade log for review. Manual export is available via the desktop MT5 client.

Who the app is right for

For a trader who needs to monitor positions during the day, place quick market orders from a saved watchlist, and run deposits and withdrawals from the phone, the HYCM app does the job on iOS or Android. For a trader who wants to do primary chart analysis on the phone, MT5 mobile is the right surface within the HYCM stack. For a trader who wants tablet-native multi-pane workflow, the gap to desktop MT5 stays significant.